115
115
Jan 10, 2013
01/13
by
CNBC
tv
eye 115
favorite 0
quote 0
i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited fiscal resources. now like jack, i've spent my professional life in this world of public policy and public service, and as all of you know, our families carry a large share of the burdens we assume in public life. and i feel incredibly fortunate that my wife, carol, and my family, have been willing to allow me to do this. and i thank them for their support and their patience and i understand their occasional impatience. i want to express my admiration and my appreciation for the women and men of the treasury department. those who came t
i have the greatest respect for jack lew. i know him as a man exceptional judgment, calm under pressure, with an extraordinary record of experience over decades spent at the center of american economic policy. he is committed to defending the safety net for the elderly and poor. he understands what it takes to create the conditions for stronger economic growth and broader economic opportunity. and he understands that to govern responsibly, is to govern with the recognition that we have limited...
63
63
Jan 9, 2013
01/13
by
CNBC
tv
eye 63
favorite 0
quote 0
but jack lew is opposite of that. he thinks he las the set of skills he needs among candidates to replace jack lew as chous chief of staff. one source tells me set leading candidate. we will see if that announcement is made tomorrow as is jack lew for treasury. >> if jack lew is secretary treasury, it'll look something like this, whatever that is. accidentally, tim geithner had a different signature but changed it for the green back. ma maybe jack lew will do the same. >> the power the new treasury hassle have the power to shape. but is this is real risk? fresh off a multiyear run at tcw, first off, congratulations of being a self-employed business man. >> thank you, very much. >> now all of the bills fall to you. >> yes. >> but it is always ladies first. >> glad to hear it. first off, jack lew, no doubt his commitment to dc. my problem is his commitment to dc. he only served out of d.c. one year in the hedge fund department. is he the right man for the job? >> listen, i think you raise an important point. i think wha
but jack lew is opposite of that. he thinks he las the set of skills he needs among candidates to replace jack lew as chous chief of staff. one source tells me set leading candidate. we will see if that announcement is made tomorrow as is jack lew for treasury. >> if jack lew is secretary treasury, it'll look something like this, whatever that is. accidentally, tim geithner had a different signature but changed it for the green back. ma maybe jack lew will do the same. >> the power...
112
112
Jan 9, 2013
01/13
by
CNBC
tv
eye 112
favorite 0
quote 0
let me say more about jack lew, we call this one, you don't know jack. >> of course you do. >> this is a financial education. beginning with harvard and georgetown. but that never disqualified anybody. tip o'neill 93 and '94, special to president clinton. and that's what john harwood was talking about. incredible expertise with the budget. moving on in 2006, new york university as executive advice president. then a stint at citigroup. first at global wealth management and next in a controversy by the way that comes up with a large bonus he got while citigroup was getting tart money. finally reenter the administration. i'm sure the administration will make a cot of, as secretary in charge of of resource management. and second stint of omb. then white house chief of staff to the present. let's look at positive. some private sector banking experience. that ends up being a negative. close to the president, you have treasury secretaries with more or less connections to the white house. . finally ton negatives, is this the guy you want in office during financial crisis like you had with geit
let me say more about jack lew, we call this one, you don't know jack. >> of course you do. >> this is a financial education. beginning with harvard and georgetown. but that never disqualified anybody. tip o'neill 93 and '94, special to president clinton. and that's what john harwood was talking about. incredible expertise with the budget. moving on in 2006, new york university as executive advice president. then a stint at citigroup. first at global wealth management and next in a...
172
172
Jan 10, 2013
01/13
by
CNBC
tv
eye 172
favorite 0
quote 0
but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> aig has decide not to joiven a lawsuit by former ceo hank greenberg against the u.s. government. greenberg claims the company's 2008 bailout was unfair to shareholders. aig says it won't let greenberg's firm pursue its claims on the company's behalf. the ceo told cnbc joining the suit isn't in aig's best interest. and while the terms of the lawsuit may hav
but does jack lew have what it takes? we'll talk about it, after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save...
156
156
Jan 10, 2013
01/13
by
CNBC
tv
eye 156
favorite 0
quote 0
well, for heaven sakes, jack lew was on wall street for a year. he ran the alternative investments at citibank and he got $1 million bonus to that and $1 million cash compensation on top of that. i don't begrudge him that. i'm a free market guy. but his boss begrudges people who made money and lew did that in one year. if you live by the sword, you die by the sword. >> well, again, he is in sync with his boss, president obama, and i think obama's willing to overlook those transgressions as long as you see the world the way he does. and in terms of governor dean, i almost think i'm re-hearing herbert hoover about the need to fight the deficit by raising taxes. raising taxes -- >> and cutting spending. >> raising taxes is not the way to go. and you look at europe, they're raising taxes, japan is raising taxes and the result is a disaster. as you know, if we had normal growth economy, say 4%, which shouldn't be hard to do after what we've been through, you'd get an extra $400 billion, $500 billion right off the bat, instant, painless. >> howard, what
well, for heaven sakes, jack lew was on wall street for a year. he ran the alternative investments at citibank and he got $1 million bonus to that and $1 million cash compensation on top of that. i don't begrudge him that. i'm a free market guy. but his boss begrudges people who made money and lew did that in one year. if you live by the sword, you die by the sword. >> well, again, he is in sync with his boss, president obama, and i think obama's willing to overlook those transgressions...
177
177
Jan 11, 2013
01/13
by
CNBC
tv
eye 177
favorite 0
quote 0
if you look at jack lew's career, it's easy to say he's a creature of government. worked in the obama administration, worked for tip o'neill back in the day. but when you look at his experience before he came to the government with the obama white house, he was at citi and got $1 million salary and $1 million bonus. this irks not only conservatives who think obama's being hypocritical to nominate someone this kind of banking background after wagging his finger at the wealthy all year. but almost frustrates and infuriates the left because they would like to see someone more progressive in the treasury role. >> more progressive. but what about this? he was the chief operating officer of a proprietary trading operation of about $54 billion. now, that has been outlawed under dodd/frank. so once again, i see hypocrisy from team obama. >> you've already seen some senators on capitol hill such as chuck grassley of iowa raise questions about what jack lew did at citi. and there's been a huffington post investigation about how lew's unit within the company was tied to hedge
if you look at jack lew's career, it's easy to say he's a creature of government. worked in the obama administration, worked for tip o'neill back in the day. but when you look at his experience before he came to the government with the obama white house, he was at citi and got $1 million salary and $1 million bonus. this irks not only conservatives who think obama's being hypocritical to nominate someone this kind of banking background after wagging his finger at the wealthy all year. but...
233
233
Jan 9, 2013
01/13
by
CNBC
tv
eye 233
favorite 0
quote 0
>> steve, you were right on the money with the jack lew prediction. you and i had this conversation, but i just wonder, you know, there's this antagonistic relationship between the white house and business. >> right. >> there were a handful of business guys in the mix that wanted the job. larry fink. would it be sort of better as a perception from the market or perception of business to put a business guy in there to help the relationship, help the togetherness of business in washington so we actually get some job creation going? what's your take on this choice? >> i don't disagree with the signal that could have been sent had somebody else been chosen. >> exactly. >> no doubt about that. it could have been an olive branch to the business community. i think that's for sure, and president obama did have several candidates who he could have chosen from in that regard. >> right. >> so i think that's very important, but i think right now president obama says, you know what? i've got a problem with congress. i've got a problem with the debt ceiling. let me
>> steve, you were right on the money with the jack lew prediction. you and i had this conversation, but i just wonder, you know, there's this antagonistic relationship between the white house and business. >> right. >> there were a handful of business guys in the mix that wanted the job. larry fink. would it be sort of better as a perception from the market or perception of business to put a business guy in there to help the relationship, help the togetherness of business in...
158
158
Jan 10, 2013
01/13
by
CNBC
tv
eye 158
favorite 0
quote 0
jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in the show. >>> well, today president obama is set to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a fo
jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against...
365
365
Jan 10, 2013
01/13
by
CNBC
tv
eye 365
favorite 0
quote 0
i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you know, geithner's for it. or it helps to say paulson was for it. it helps to say robert reuben is for this. and in this case they won't necessarily be able to make that. but they don't -- see where i disagree with you, i don't think they care that they don't sell it. they don't need to sell it. >> i don't care if they care. they should care. it does matter. we are entering really interesting times when it comes to a need to rethink our corporate tax system, rethink our individual tax system. rethink entitlements. all of these things. it would have been,
i don't think jack lew brings that to the table. whether or not the other attributes he has make up for that we'll have to wait and see. >> i was going to ask you if you didn't end your report with that, i was going to ask you to say what you just said, what you said to me off camera -- and i'll tell you, when you said it, i'll tell you what struck me. sometimes i think you're implying that if the administration needs to sell something to maybe the private sector, it helps to say, you...
205
205
Jan 10, 2013
01/13
by
CNBC
tv
eye 205
favorite 0
quote 0
perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
152
152
Jan 11, 2013
01/13
by
CNBC
tv
eye 152
favorite 0
quote 0
jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the process forward. >> is that exposed to weakness? being an insider on the political front, but obviously having no external wall street experience, how much weakness is that, do you think? >> i think there are limits to what anybody can do does she. >> it's a round about, isn't it? >> but jack lew has one big advantage and that is that he's coming into office with the u.s. economy expanding. >> which is good news. tina, thanks for joining us. just to remeepd you what is on today's agenda in the united states, wells fargo is the first of the u.s. banks to report earnings this season.thely during that hour, best buy is going to be in focus, as well. we wanted to look at the governance reform. >>> still to come, all the latest on the italian elections when we come back in a few moments.
jack lew is himself a washington insider. he's well known to congress and he's there to shepherd the process along. he's not got the wall street experience that a lot of people on the street might be hoping for. but he really knows how to move the process forward. >> is that exposed to weakness? being an insider on the political front, but obviously having no external wall street experience, how much weakness is that, do you think? >> i think there are limits to what anybody can do...
242
242
Jan 11, 2013
01/13
by
CNBC
tv
eye 242
favorite 0
quote 1
i think jack lew is going to be the same. what was interesting is the geithner treasury has not been especially public treasury, but the idea with jack lew, it will be even less public than that. >> good point. lew not a friend of the camera, as even the president suggested in that presser yesterday. >> exactly. >> thanks a lot, steve lies plan. >> planes, trains and automobiles, dow transports rising, hitting the third consecutive interday high. big names like goldman getting more bullish on the sector. is a run-up almost over? we're talking tranies a little later on. robert frank is coming to the post for the million-dollar minute. >> melissa, i've got the hottest new toy for billionaires. and why this toy made some big news this week. that's coming up on "squawk on [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at
i think jack lew is going to be the same. what was interesting is the geithner treasury has not been especially public treasury, but the idea with jack lew, it will be even less public than that. >> good point. lew not a friend of the camera, as even the president suggested in that presser yesterday. >> exactly. >> thanks a lot, steve lies plan. >> planes, trains and automobiles, dow transports rising, hitting the third consecutive interday high. big names like goldman...
66
66
Jan 10, 2013
01/13
by
CNBC
tv
eye 66
favorite 0
quote 0
jack lew has a clean slate. let's hope he uses it to get america out of this hole. before we go tonight, let's look at the day on wall street. it was a winner of a session today once again, this market wants to go higher and it did. up 80 points on the industrial average. the nasdaq up about 16 points, technology, one of the winning sectors and the s&p higher by better than 11 points. that will do it. hope you follow my on twitter and google plus. have a fantastic night. i'll see you tomorrow. but first, stay with cnbc. here's "fast money," it begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. banking on financials. wells fargo kicks off earnings season tomorrow. will the banks be big winners again in 2013? lumia lift? nokia surges on better than expected sales. should you be buying the hype? and debt threat. the queen of wall street gives her take on how the debt ceiling debate will effect your bond portfolio. first, our top story. stocks jumping to five-years highs. so, we ask, were you a buyer or seller today?
jack lew has a clean slate. let's hope he uses it to get america out of this hole. before we go tonight, let's look at the day on wall street. it was a winner of a session today once again, this market wants to go higher and it did. up 80 points on the industrial average. the nasdaq up about 16 points, technology, one of the winning sectors and the s&p higher by better than 11 points. that will do it. hope you follow my on twitter and google plus. have a fantastic night. i'll see you...
156
156
Jan 11, 2013
01/13
by
CNBC
tv
eye 156
favorite 0
quote 0
we'll talk to you about if you're feelings of jack lew in a moment. on the deal that we did. you see everybody's taken the zeros off of what we owe and everybody's seen that now. i guess we're making $23,000 a year, we're spending $38,000. so we're adding $16,000 to our credit card bill every year. and we already owe $160,000 on our credit card bill. and the fiscal cliff deal cut $38 off of our expenses or something when you take everything off. is that -- >> actually worse than that. >> how can it be worse? >> actually our cliff bill was an absolute embarrassment to the united states of america. let me clarify. if we had gone over the cliff, it would have been an "f." and a total failure of our system. but when you analyze the bill, it was an "f" on spending. we actually increased spending. we didn't reduce 13e7bding. we increased spending. >> all the democrats tell me that there was already a trillion dollars of spending cuts that -- i didn't -- >> that was from august 2011. okay, but what i'm saying is, if you just look at this bill in isolation, it increased spending. it
we'll talk to you about if you're feelings of jack lew in a moment. on the deal that we did. you see everybody's taken the zeros off of what we owe and everybody's seen that now. i guess we're making $23,000 a year, we're spending $38,000. so we're adding $16,000 to our credit card bill every year. and we already owe $160,000 on our credit card bill. and the fiscal cliff deal cut $38 off of our expenses or something when you take everything off. is that -- >> actually worse than that....
41
41
Jan 10, 2013
01/13
by
CNBC
tv
eye 41
favorite 0
quote 0
that is, of course, not assuming if jack lew is confirmed. geithner is probably gone either way but he will stay on a couple more weeks for the president. so tim geithner will stay on until january 25th. >> the taxing amount of time it will take us to do our taxes this year. it is today's thing that makes you go hhmmm. >> and has gold lost its shine? or is now a golden opportunity to buy? stick around. [ male announcer s joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new
that is, of course, not assuming if jack lew is confirmed. geithner is probably gone either way but he will stay on a couple more weeks for the president. so tim geithner will stay on until january 25th. >> the taxing amount of time it will take us to do our taxes this year. it is today's thing that makes you go hhmmm. >> and has gold lost its shine? or is now a golden opportunity to buy? stick around. [ male announcer s joe woods' first day of work. and his new boss told him two...
146
146
Jan 11, 2013
01/13
by
CNBC
tv
eye 146
favorite 0
quote 0
unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to take given that he was intimately involved in bank rescue operations over the past several years? and what kind of job could he take in the post-crisis world and still be eligible to come back into government if he wanted? fed chairman ben bernanke, he's expected to move on after his term expires in 2014, and geithner would clearly be someone the president would consider. according to sources, geithner wouldn't want the job but the president has been very successful in getting geithner to do things he hasn't wanted to, like stay on treasury for an extra year or two and geitner has been making ab
unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to...
158
158
Jan 11, 2013
01/13
by
CNBC
tv
eye 158
favorite 0
quote 0
lew's signature has all those loops. they are actually zeros and that's how much he's going to add to our debt. >> you don't know that for sure. we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the hand, too, because one thing our leaders do respond to is the stock market, whereas in the early '80s it was the bond vigilantes that ruled the root i think these guys get terrified when the stock market starts going down because they -- you know, from the way they calibrate things, you don't have bonds to do it so now you have the stock market. >> if you get money supply growing at 12% and bonds are in the biggest bubble in the history of mankind, the money is going to go into stocks. that's the path of least resistance. >> maria, what you have to
lew's signature has all those loops. they are actually zeros and that's how much he's going to add to our debt. >> you don't know that for sure. we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the...
83
83
Jan 10, 2013
01/13
by
CNN
tv
eye 83
favorite 0
quote 0
lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. >>> we waiting for the president of the united states to walk into the east room of the white house. we'll show you a picture now. he's going to nominate jack lew as white house chief of st
lew, and he trust jack lew. if you look at all of these cabinet appointments that we've seen and some to come, it is about the president's comfort level in the second term. >> he was just re-elected, he's the president of the united states. he deserves to be comfortable. if you can hold on, we still haven't received that famous two-minute warning. we'll take a quick two-minute break and be right back. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my...
97
97
tv
eye 97
favorite 0
quote 0
so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> things are looking up for the u.s. economy. let's hope our politicians don't bring it down. from the cnn money newsroom, in new york, i'm ali velshi. this is your money. walmart reverses itself on gun violence meeting. do you know who jack lew is? you will soon. more nightmares on the dreamliner. and america is on track to prosper if we just let it. but, first, that walmart story. the change of heart. vice president jo
so who is jack lew and what would he do at the treasury department? that is next. >>> plus, the breaking news of aig's decision not to sue the government over its bailout. ali velshi has a lot to say. he's back and he's next. pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how...
98
98
Jan 10, 2013
01/13
by
CNN
tv
eye 98
favorite 0
quote 0
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the budget office and being the chief of staff for the president, the debt crisis has gotten much worse. i don't look at that reference and say, gee, this is a guy who is really going to fix the problem and i do think what we need in washington is he's been in washington in and out of government for 25 years and i guess my philosophy is, why not bring in some new faces, granted they are going to have the president's philosophy but maybe looking at new approaches to bringing this enormous debt down. >> steve, do you remember his record
jack lew understands budgets. the fact of the matter is, this is a guy that can speak the right language when the biggest crisis in washington right now is the fact that there's an absence of a budget. >> okay. so, ali, that's a great point. when i heard you talk about this before it was the one thing that you said that i kind of disagreed with. look, we have a fiscal crisis on our hands, we have a debt crisis. if you look at his performance in the last few years in terms of running the...
83
83
tv
eye 83
favorite 0
quote 0
i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur muring that there's not enough women part of this white house, the inner circle. what are folks saying about that? >> the visual you just showed with the four cabinet members being men, th
i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >>...
67
67
Jan 11, 2013
01/13
by
CNN
tv
eye 67
favorite 0
quote 0
and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed jack's signature. and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one lett lett letter legible, should he be confirmed as secretary of treasury. >> this is what his signature would actually look like on the dollar bill. that's just awful. >> is it third grade when they focus on your handwriting skills and penmanship? maybe he can sit in on a class. >> the treasury secretary wants to audit your class. >>> nine minutes past the hour. yesterday we brought you the l
and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed...
61
61
Jan 10, 2013
01/13
by
CNN
tv
eye 61
favorite 0
quote 0
nonetheless, jack lew, widely expected to get confirmed. >> i am sure we are only beginning to hear the bonafides and the criticism. it's his signature. if he becomes the treasury secretary, that thing is go to be everywhere. it is that series of crazy loop deloos. aren't they talking about this being an issue? >> i thought mine was bad but that's a lot of little loops there. it is unclear whether they will have to send him to school again to figure out how to write his name so you can read it when it shows up on the currency. timothy geithner had kind of a loopy signature in the past and then said that he had to tweak it whethn it showed up on the currency. unclear yet whether or not they will send him back to school to learn how to sign his name. >> i like how our colleague, carol costello referred to it, like a slinky gone out of control. >> reporter: that's a good one. >> i want to switch gears a little bit. that's about another nomination that's going to have to be made because we have had another resignation, hilda solis, the labor secretary, announcing she is wanting some more fa
nonetheless, jack lew, widely expected to get confirmed. >> i am sure we are only beginning to hear the bonafides and the criticism. it's his signature. if he becomes the treasury secretary, that thing is go to be everywhere. it is that series of crazy loop deloos. aren't they talking about this being an issue? >> i thought mine was bad but that's a lot of little loops there. it is unclear whether they will have to send him to school again to figure out how to write his name so you...
72
72
Jan 10, 2013
01/13
by
CNN
tv
eye 72
favorite 0
quote 0
first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief operating officer role. in that, jack has been exposed to every type of policy and issue and regulation. it's a huge gambit of issues and terrain that he is an expert on the depth he can bring on a number of issues, especially economic policy. >> that makes lew more than qualified to negotiate the debt debates and republicans in congress. wall street doesn't like him so much. who cares what wall street thinks. to many that makes him more palatable. the president made the right choice with tim geitner because the world was teetering on financial collapse. he knew the ins and outs of wall street a
first president obama is just nominated jacob jack lew to be the next treasury secretary. lew has been the chief of staff and described as a consummate washington insider. he has done two stints at the office of management and budget. an old cog eel of his told me yet experience makes him the perfect choice for the job right now. >> it is described as the central nervous system and everything of consequence goes through it. it coordinates the branch for the president like the chief...
161
161
Jan 11, 2013
01/13
by
CNN
tv
eye 161
favorite 0
quote 0
is jack lew's signature. before he worked at the white house he worked at hostess as a cupcake icer. >> is that your kigt or are you testing to see if the pen works? the only way that you're allowed to have that as your signature is if your name is boing boing boing boing boing. >> perhaps our future treasury secretary. >> that's so funny. thanks, john, appreciate it. >>> lance armstrong, is he going to admit to doping? he's sitting down with oprah next week, his first interview since he was stripped of his seven tour de france titles and banned for life. the rumor is he's going to use that interview to admit he took performance enhancing drugs for years. howard kurtz host of "reliable choices" and lauren ashburn, editor-in-chief of "the daily gallow." nice to talk to both of you. do you think he has to confess if he's going to sit down with oprah? >> what else is he going to do? is he going to talk about his family? he has to do something, right? but the problem is i don't think oprah is oprah anymore. do yo
is jack lew's signature. before he worked at the white house he worked at hostess as a cupcake icer. >> is that your kigt or are you testing to see if the pen works? the only way that you're allowed to have that as your signature is if your name is boing boing boing boing boing. >> perhaps our future treasury secretary. >> that's so funny. thanks, john, appreciate it. >>> lance armstrong, is he going to admit to doping? he's sitting down with oprah next week, his...
141
141
Jan 10, 2013
01/13
by
CNN
tv
eye 141
favorite 0
quote 0
the nomination of jack lew is expected to be announced this afternoon. lew is considered a budget expert. he's had two stints as director of the office of management and budget. >>> afghanistan's president, hamid karzai, will receive full military honors when he visits the pentagon this morning for a meeting with defense secretary leon panetta. he is expected they will -- or it's expected that they will discuss the american troop situation in afghanistan after the nato combat mission officially ends next year. tomorrow karzai meets with president obama. >>> all right, so it won't take long to cover the entire list of new inductees to baseball's hall of fame because there are none. one of the big reasons, of course, the steroid era. baseball writers voted to keep roger clemens, barry bonds and sammy sosa out of the hall of fame for now. i think the biggest injustice was to craig biggio. he came the closest. i think next year he'll get in. >>> check out this fan during last night's college basketball game. look, he shoved unlv guard anthony marshall after
the nomination of jack lew is expected to be announced this afternoon. lew is considered a budget expert. he's had two stints as director of the office of management and budget. >>> afghanistan's president, hamid karzai, will receive full military honors when he visits the pentagon this morning for a meeting with defense secretary leon panetta. he is expected they will -- or it's expected that they will discuss the american troop situation in afghanistan after the nato combat mission...
133
133
Jan 10, 2013
01/13
by
CNN
tv
eye 133
favorite 0
quote 0
everyone is wondering if jack lew will change what some people call his ridiculous signature. it looks like a slinky that's about to come unhinged. we're getting ahead of ourselves. >>> let's talk about something we know. let's talk who could be taking home an award. >> nominees best performance by an actor in a leading role or. daniel day lewis in "lincoln." denzel washington in "flight." hugh jackman in "les miserables." bradley cooper and joaquim phoenix in "the master." >> we'll have nominees in entertainment and night life expert in about 15 minutes. >>> all right. this bit of news just into us. two school buses kwlieded in new jersey. officials don't think there were children on one from the buses. actually there's conflicting reports. we don't know who was on the bus. we know 16 people were hurt on one of the buses. one of the buses was called an academy bus. one was like a mini school bus. most of the sirs occur on the bigger bus. one flipped on its side the other veered off the roadway into the grass and remained upride. there appears to not be as many injuries
everyone is wondering if jack lew will change what some people call his ridiculous signature. it looks like a slinky that's about to come unhinged. we're getting ahead of ourselves. >>> let's talk about something we know. let's talk who could be taking home an award. >> nominees best performance by an actor in a leading role or. daniel day lewis in "lincoln." denzel washington in "flight." hugh jackman in "les miserables." bradley cooper and joaquim...
87
87
Jan 10, 2013
01/13
by
CNN
tv
eye 87
favorite 0
quote 0
lew, is going to be nominated to become the next treasury secretary. he would replace timothy geithner. the search is on now for a new labor secretary now that hilda s solis has announced she's stepping down. staying on the job for now is attorney general eric holder. he'll be working with the vice president on those new gun control measures that we heard biden talk about just a few minutes ago. he could leave by the end of the year. the white house also announcing health and human services secretary, kathleen sebelius, is going to continue to serve in the president's second term. >>> and today, of course, is hollywood's biggest morning. the oscar nominations will be revealed in less than 90 minutes. some films are considered to be shoo-ins for nomination. lots of drama, though, in this case. a nischelle turnpike e turner is angeles for us today. >> reporter: the good thing about the academy is they like to zig when other folks zag so there could be five to ten nominations for best picture this morning. conventional wisdom is it's been a really good ye
lew, is going to be nominated to become the next treasury secretary. he would replace timothy geithner. the search is on now for a new labor secretary now that hilda s solis has announced she's stepping down. staying on the job for now is attorney general eric holder. he'll be working with the vice president on those new gun control measures that we heard biden talk about just a few minutes ago. he could leave by the end of the year. the white house also announcing health and human services...
170
170
Jan 9, 2013
01/13
by
CNNW
tv
eye 170
favorite 0
quote 0
tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down. all we have from sources is that it will happen sometime this week mptd not certain if that is tomorrow or friday or over the weekend but it will happen
tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut...
136
136
Jan 12, 2013
01/13
by
CNNW
tv
eye 136
favorite 0
quote 0
jack lew is an inside man. as long as the world doesn't implode, americans much less the world will pay little attention to who heads the u.s. treasury. what do you think? >> what do i think? it's really very simple. simple once again. it's not as easy as it's now a domestic issue with the budget battle. if only it were. this is all about who the man is and what does he bring to the table. if we look back at treasury secretaries, paul o'neill and john snow, they were major men in their own industries. but they didn't -- >> nobody remembers. >> nobody remembers them and they were not huge successes. lloyd benson even. look at what he was. a great man in his field. but did not bring much to the table. now you look at paulson, geithner, summers, ruben, morgan, you don't remember him any more than i do, but the fact is they were the men who actually were able to make the treasury work. now, there's no doubt jack lew comes with the authority of the president and the white house. but he has to go further than that. h
jack lew is an inside man. as long as the world doesn't implode, americans much less the world will pay little attention to who heads the u.s. treasury. what do you think? >> what do i think? it's really very simple. simple once again. it's not as easy as it's now a domestic issue with the budget battle. if only it were. this is all about who the man is and what does he bring to the table. if we look back at treasury secretaries, paul o'neill and john snow, they were major men in their...
133
133
Jan 9, 2013
01/13
by
CNNW
tv
eye 133
favorite 0
quote 0
now my colleague, gloria borger, saying that president obama will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he has talked about as a trusted confidante, someone who has worked very hard in trying to right the ailing economy. according to this source, the president expected to nominate him to be the next treasury secretary, and that announcement expected sometime this week. >> all right. well, thank you for that, dan. and nice quick work, i might add as well. and by the way, for our audience who might not know a lot about jack lew, the white house chief of staff, there is actually a very extensive background on this man. he has been the leading contender. without further ado, have a listen to all of the
now my colleague, gloria borger, saying that president obama will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he...
196
196
Jan 12, 2013
01/13
by
CNNW
tv
eye 196
favorite 0
quote 0
jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't have to worry about running ever again. so he's like, look, i'm going to put my stamp on america whether you like it or not. >> a lot has been said about this, that in many ways the new cabinet, the high posts are older white men, not reflective of american society. there have been a number of women that have clearly -- >> yeah. >> secretary of state chief among them. how significant is this? >> let's be honest about america and washington. the republicans want to say most of the america is still run by old white guys. that's the truth. not surp
jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't...
178
178
Jan 12, 2013
01/13
by
CNNW
tv
eye 178
favorite 0
quote 0
jack lew wants you to know nothing about what he's thinking or about what he's doing. you could almost see the j in the first letter. alternative is that you see nothing else. it does reveal something. what it reveals, because of the circles, is that he's a methodical and deliberate thinker. so he doesn't want you to know. he doesn't display any of his personality in each letter because there's no letters there. what it does show you, however, is that he is a takeover king, kind of like you, victor. >> oh! >> and, of course, randi. large beginning strokes indicate that he loves responsibility. as the end stroke is a little caution. but he's the kind of guy that spends a lot of time by himself. he is very happy with himself. he probably eats lunch at his desk every day. the end stroke in many of his signatures goes up, which is a contradiction of what we see in his signature because it indicates he wants to be the center of attention but he doesn't want to tell you anything about himself. you see a lot even though he doesn't show it. >> it doesn't even look like his nam
jack lew wants you to know nothing about what he's thinking or about what he's doing. you could almost see the j in the first letter. alternative is that you see nothing else. it does reveal something. what it reveals, because of the circles, is that he's a methodical and deliberate thinker. so he doesn't want you to know. he doesn't display any of his personality in each letter because there's no letters there. what it does show you, however, is that he is a takeover king, kind of like you,...
211
211
Jan 5, 2013
01/13
by
CNNW
tv
eye 211
favorite 0
quote 0
jack lew remains at the top of the list. and over at the cia, of the list. and the cia, that vacancy, john brennan, the counterterrorism adviser, and michael morrel, on the short list. so the president has key positions to fill. and could be doing it this week. >> while i'm focused on you, i can't help but notice the stunning background. >> reporter: it is beautiful. >> all right, following the president. >>> two teens take a chance on a frozen lake and are lucky to escape with their lives, thanks to a nearby tree. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth ann
jack lew remains at the top of the list. and over at the cia, of the list. and the cia, that vacancy, john brennan, the counterterrorism adviser, and michael morrel, on the short list. so the president has key positions to fill. and could be doing it this week. >> while i'm focused on you, i can't help but notice the stunning background. >> reporter: it is beautiful. >> all right, following the president. >>> two teens take a chance on a frozen lake and are lucky to...
304
304
Jan 6, 2013
01/13
by
CNNW
tv
eye 304
favorite 0
quote 0
white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? to get our adt security system. and one really big reason -- the house next door. our neighbor's house was broken into. luckily, her family wasn't there, but what if this happened here? what if our girls were home? and since we can't monitor everything 24/7, we
white house chief of staff jack lew is considered to be a front-runner for treasury secretary. tim guy earthquake in the current head of the treasury, smektsed to leave around the time of the inauguration. the void left by david petraeus as head of the cia could be filled by john brennan. he is currently a counterterrorism and homeland security adviser at the cia. >>> along with the new year comes new, higher prices, on all sorts of things. we will show you technology to help you save....
210
210
Jan 4, 2013
01/13
by
CNNW
tv
eye 210
favorite 0
quote 0
jack lew who is the current chief of staff at the white house, is on the list for that job. and then finally the cia, john brennan, the president's adviser for homeland security, is on the short list, michael morell who is the acting director of the cia also on the list. so, the president has some important key positions to fill, and, again, we expect that that could start rolling out as early as next week, ashleigh. >> okay, dan. i hope you get some sunshine while you're there at least a little bit. dan lothian live for us. >> reporter: i hope so, too. >> in hawaii. it's a good assignment, you got to admit. >>> i want to take everybody to the big board, this is cold new york, and the dow is reading up a wee bit perhaps sense christine romans' report the dow reacted nicely, but we're at least out of negative territory albeit by just a fraction. i'll take you live to the new york stock exchange a little later on in this hour. >>> so, we've been hearing all along that former arizona congresswoman gabrielle giffords had made plans to visit newtown, connecticut, today. we're not
jack lew who is the current chief of staff at the white house, is on the list for that job. and then finally the cia, john brennan, the president's adviser for homeland security, is on the short list, michael morell who is the acting director of the cia also on the list. so, the president has some important key positions to fill, and, again, we expect that that could start rolling out as early as next week, ashleigh. >> okay, dan. i hope you get some sunshine while you're there at least a...
175
175
Jan 4, 2013
01/13
by
CNNW
tv
eye 175
favorite 0
quote 0
jack lew to treasury. still have to do cia -- other jobs to do as well. but the president is still in hawaii right now, coming back over the weekend. >> and it's interesting when you talk about this president and talking to people who are familiar with his thought process. it's really about a comfort level for this president. he likes to nominate people he already knows, feels comfortable with in his inner circumstance. . we've seen that on the white house staff, for example. that's what i think we're seeing here in these nominations. >> obviously feels comfortable with john kerry who was nominated as secretary of state. i think he likes chuck hagel a lot. we'll see despite the confirmation process how it unfolds. >> thanks for that. >>> a brief glimmer of bipartisanship is being replaced with new battle lines up on capitol hill. kate bolduan is here with more on this part of the story. >> surprise, surprise. lawmakers are already digging in ahead of looming fights, including one over raising the debt ceiling, coming very soon, which is already prompting
jack lew to treasury. still have to do cia -- other jobs to do as well. but the president is still in hawaii right now, coming back over the weekend. >> and it's interesting when you talk about this president and talking to people who are familiar with his thought process. it's really about a comfort level for this president. he likes to nominate people he already knows, feels comfortable with in his inner circumstance. . we've seen that on the white house staff, for example. that's what...
227
227
Jan 4, 2013
01/13
by
CNNW
tv
eye 227
favorite 0
quote 0
white house chief of staff jack lew is considered to be another choice for the job. at the cia john brennan, an acting cia director michael morell remain on a short list. history shows most presidents get the nominees they want, but in this political environment there's no guarantee. >> it used to be just be supreme court justices who inspired partisan free-for-alls. now it's bleeding down into a president's cabinet picks as well. >> some confirmations will be easier than others. if chuck hagel does get the nod, we expect that there will be continued resistance there. one of the picks for secretary of state, senator john kerry, his confirmation expected to be a smooth one. suzanne. >> i understand the president and white house reacting it to a december jobs report that came out today. we had 155,000 jobs added here, unemployment rate was unchanged however. do is the white house pleased with those numbers? >> reporter: to a point. i mean, the release from the white house similar to what we've seen over the last year when these job numbers come out is that they believe
white house chief of staff jack lew is considered to be another choice for the job. at the cia john brennan, an acting cia director michael morell remain on a short list. history shows most presidents get the nominees they want, but in this political environment there's no guarantee. >> it used to be just be supreme court justices who inspired partisan free-for-alls. now it's bleeding down into a president's cabinet picks as well. >> some confirmations will be easier than others. if...
213
213
Jan 12, 2013
01/13
by
CNNW
tv
eye 213
favorite 0
quote 0
we have jack lew for u.s. treasury who we already have -- we see very stiff opposition to. and the president surely knew that going in. there have been reports that mr. lew was quite controversial when it came to the debt ceiling negotiation, that the other side did not find him to be sort of someone negotiating in good faith. he went on sunday shows, said the budget needed 60 votes to pass, for example, which is clearly -- it's either intentionally misleading, or he doesn't understand the legislative process. then of course you have chuck hagel. there is controversy on both the left and the right, rather right and the left over that nomination. so this president, it seems like he's pushing the envelope with these nominees. and your producers also pointed out no women. >> been called the band of brothers, a couple of articles have described it that way. maria, what's your take? >> well, i'm not worried about the "controversial nature" of these appointees. i think they will get through. and the white house feels pretty confident that they will get through. but i absolutely a
we have jack lew for u.s. treasury who we already have -- we see very stiff opposition to. and the president surely knew that going in. there have been reports that mr. lew was quite controversial when it came to the debt ceiling negotiation, that the other side did not find him to be sort of someone negotiating in good faith. he went on sunday shows, said the budget needed 60 votes to pass, for example, which is clearly -- it's either intentionally misleading, or he doesn't understand the...